Eurowag H1 2026 slides: platform users surge to 65%, revenue up 11%

Eurowag, a Czech-based road freight payment and mobility solutions provider, reported a strong half-year 2026 performance, with revenue and profitability both growing double-digit rates. The company's shares rose slightly following the release of its results.

Eurowag's customer base has surged to 65% on the unified Eurowag Office platform, up from 35% at the end of March 2026. This adoption of the digital platform reflects successful execution of the company's digital transformation strategy.

Despite volatile fuel prices and foreign exchange headwinds, Eurowag showed resilience in net revenue, which reached €179.5 million, marking a 10.7% year-over-year increase. Adjusted EBITDA also increased by 10.5% to €70.6 million.

However, the profit before tax decreased by 14.7% to €23.7 million, and net income fell to €5.2 million. This gap was mainly due to a €8.3 million unrealized foreign exchange loss, primarily caused by the depreciation of the Hungarian forint against the euro.

The shift towards the Eurowag Office platform is evident as more than 65% of customers are actively using it, with monthly active users increasing 236% and weekly active users rising 222%. The platform's integration is nearly complete, with toll services fully integrated and the transport management system expected to be finished in 2027.

The company's recurring revenue streams, such as toll and subscription services, reached €85 million, accounting for 47% of total net revenue. This shift towards a subscription and usage-based business model contrasts with the previous transaction-based approach. Poland remains the largest market at 28% of net revenue, followed by other Central and Eastern European markets.